Bank procedure to hand over the house loan documents to the lonee.

S.Krishna Prasad (Querist) 23 September 2015 This query is : Resolved
Sir, my brother-in law purchased a flat taking loan from the bank. He and his wife were expired and there are no children for them. The lonely mother is with us. We have got the legal heir certificate and we have also cleared the outstanding loan. After clearing the loan they said they require legal heir certificate and security from the account holder of the same branch but we don't have any known person from that branch. Please kindly tell me what exactly security means and whether the relative can give security if he has account in another branch of the same bank.

Thanking you, Sir,
Prasad.

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Guest (Expert) 23 September 2015
For the purpose of secuity, why not any of the relative or friend open an account in the same bank with the help of UID Aadhar Card.

Alternatively, he mother may apply for the succession certificate from the court.

Rajendra K Goyal (Expert) 23 September 2015
Repeated query:

http://www.lawyersclubindia.com/experts/Rule-to-obtain-the-original-documents-from-the-bank--561066.asp#.VgK0dq6qqko

http://www.lawyersclubindia.com/experts/Security-to-release-the-documents-from-the-bank--561656.asp#.VgK0ea6qqko

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